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Aptos (APT) is on a massive bullish run today after the broader digital currency welcomed the news of its latest partnership with American multinational tech giant, Microsoft Incorporated. As announced by the protocol, the partnership will involve both firms exploring asset tokenization solutions as well as doubling down on digital payments and Central Bank Digital Currencies (CBDCs).
Today, we're making Aptos history.@AptosLabs is partnering with @Microsoft to unlock Web3 on the @Aptos_Network.
— Aptos Labs (@AptosLabs) August 9, 2023
As an @msPartner, our joint suite of AI-supported tools will offer developers and users around the world effortless access to Web3. (1/6) pic.twitter.com/zWsrVWhSql
The Microsoft partnership highlights a number of positive growth indications for Aptos, which has been recording a number of impressive milestones since its inception over the past year The Microsoft influence will further position Aptos as a Layer 1 blockchain whose influence extends beyond the confines of the Web3.0 ecosystem into the broader tech world.
Per the terms of Aptos Microsoft, the former will be taking advantage of the latter’s Microsoft Azure OpenAI services to bolster its offerings across the board. Per the joint statement put out by both companies, the wide array of offerings from both firms will benefit Aptos' "developers as they build smart contracts and decentralized apps."
The news pushed the price of Aptos (APT) up by 15% to $7.52 per coin. The recent growth, though marred by the extant volatility in the crypto ecosystem, has repositioned APT as one of the top tokens primed as a high flier.
Linkup with Web2 tech giants: Growing norm
The deal between Aptos and Microsoft is currently being applauded by stakeholders in the digital currency ecosystem; however, it underscores a general trend among emerging Web3.0 protocols.
Just like Aptos, Ankr Protocol has tapped a related partnership with Microsoft in the past year. Other top tech giants, including Google and Amazon, are also known to be doubling down on their presence in the blockchain ecosystem through partnerships with rising Web3.0 protocols.
The bouts of partnerships lend credence to the sentiment that blockchain and traditional tech stacks can coexist peacefully.
Mushumir Butt
